Hedera Hashgraph (HBAR) is a cryptocurrency that powers the Hedera network, known for its high-speed, secure, and scalable distributed ledger technology. As of February 18, 2025, HBAR is trading at approximately $0.2046 USD, reflecting a decrease of 8.13% from the previous close.
Market Overview:
Current Price: $0.2046 USD
24-Hour Trading Volume: Approximately $219.49 million
Market Capitalization: Around $8.58 billion
Circulating Supply: 41.9 billion HBAR
Max Supply: 50 billion HBAR
These figures position HBAR as a significant player in the cryptocurrency market, ranking around 20th in market capitalization.
Technical Analysis:
Recent technical analyses suggest a potential upward trend for HBAR:
Support Level: HBAR has established a higher low, indicating the possibility of a new uptrend.
Technical Indicators: The Relative Strength Index (RSI) is at 35.86, suggesting a neutral market sentiment. The Moving Average Convergence Divergence (MACD) is at -0.02, indicating a potential buy signal.
Price Chart:
For a visual representation of HBAR's recent price movements, refer to the following chart:
Conclusion:
While HBAR has experienced a recent decline, technical indicators suggest the potential for a rebound. Investors should monitor market trends and consider the inherent volatility of cryptocurrencies when making investment decisions.
